Ocwen Now Expects a Loss for 2015; More Layoffs Planned; Oh, and It Hopes to be a Top 10 Lender September 15, 2015 Paul Muolo According to figures compiled by Inside Mortgage Finance, Ocwen may have a long way to go in meeting its production dreams... Read More
HARP Refi Volume Just About Flat in 2Q15 September 15, 2015 John Bancroft Fannie Mae had a slight increase in HARP activity and accounted for 59.3 percent of the total for the two GSEs...Read More
Short Takes: Almost All GSE-Related Legislation is DoA / Don’t Kill the Golden Goose / Those Crazy Common Investors / The GSEs Are Worth $105 Billion? / Brian Webster’s Resume September 15, 2015 Paul Muolo In 2Q, the GSEs earned $8.8 billion combined. Multiply that by four (quarters) and then three (years) and you get $105.6 billion.Read More
Radian Launches Two Jumbo MI Offerings, Including Product for Medical Professionals September 15, 2015 Brandon Ivey It seems that more MI firms are sticking their toes into the jumbo waters...Read More
Bank of America Remains the Mortgage Repurchase King September 15, 2015 John Bancroft Bank of America still leads the industry in buybacks with $539 million on a year-to-date basis, or 28.5 percent of the total for all banks. Read More
Another Regulator Cashes In as Webster Bolts CFPB for Wells Fargo September 15, 2015 Thomas Ressler The trend continues: Work for the CFPB for a year or so and then cash out...Read More
Ocwen Now Expects a Loss for 2015, Unveils Cost Cuts; Oh, and It Hopes to be a Top 10 Lender September 15, 2015 Paul Muolo Ocwen blames the anticipated loss on lower revenue and higher operating expenses.Read More
Nationstar Trademarks the Name ‘Mr. Cooper.’ But Why? September 14, 2015 Paul Muolo "Mr. Cooper" seems like an odd name for a mortgage company to trademark, but you never know...Read More
SIFMA Presses FHFA to Align GSE MBS Programs and Set a Timetable September 14, 2015 John Bancroft SIFMA argues that the FHFA has to take a more active role in keeping GSE programs aligned so that differences in prepayment speeds do not emerge.Read More
Short Takes: Skyline Aims to Reduce LO ‘Posses’ / The Coming Texas Housing Bust / Go With the Astros, Not the Cubs / MSR Deal From Prestwick / CRE Outlook From Auction.com / Ocwen, Not Made in America September 14, 2015 Paul Muolo Irony or good business?: Ocwen's mortgage customers are located in the U.S., but the back office staff processing their loans are mostly overseas.Read More
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